True Energy Trust (formerly TKE Energy Trust),
a trust established under the laws of Alberta
pursuant to the Trust Indenture and, where the
context requires, all its controlled entities
on a consolidated basis.
A unit of the Trust
Holders from time to time of Trust Units.
In respect of a Trust Unit on any date,
the weighted average trading price of the Trust
Units on the TSX on that date and the five (5)
trading days preceding that date, or, if the Trust
Units are not then listed on the TSX, on such
other stock exchange or automated quotation system
on which the Trust Units are listed or quoted,
as the case may be, as may be selected by the
board of directors of True Energy for such purpose;
provided, however, that if in the opinion of the
board of directors of True Energy the public distribution
or trading activity of Trust Units does not result
in a weighted average trading price which reflects
the fair market value of a Trust Unit, then the
Current Market Price of a Trust Unit shall be
determined by the board of directors of True Energy,
in good faith and in its sole discretion, and
provided further that any such selection, opinion
or determination by such board of directors shall
be conclusive and binding.
A distribution paid by the Trust in respect
of the Trust Units, expressed as an amount per
Trust Unit.
All amounts available for distribution during
any applicable period to holders of Trust Units.
Any date that Distributable Cash is distributed
to Unitholders, generally being the 15th day of
the calendar month following any Distribution
Record Date (or if such day is not a Business
Day, on the next Business Day thereafter).
The last day of each calendar month or such
other date as may be determined from time to time
by the Trustee, except that December 31 shall
in all cases be a Distribution Record Date.
"DRIP" means the Trust's Distribution
Reinvestment and Optional Trust Unit Purchase
Plan.
The ratio at which Exchangeable Shares may
be converted to Trust Units.
The exchange rights as defined pursuant
to the voting and exchange trust agreement.
The series A exchangeable shares in the
capital of True Energy which are exchangeable
for Trust Units.
